Thanks for watching! If you've enjoyed this video then I'd love it if you'd check out my Patreon page. Perks include shout outs and PDF copies of the script for each video. You can find out more at patreon.com/tomnicholas

Quick note: this video takes a pretty heavily US/UK centric view of neoliberalism. As such, there's a fair bit that I had to leave out for time. This includes the imposition of neoliberalism on Chile in the 1970s which seemed a bit of an absence given that yesterday was the anniversary of the death of Salvador Allende. I hope to cover all that in a future video on the imposition of neoliberalism in the global south (if there interest in that at all?) as well as potentially looking at the "gig economy" in focus. Let me know here if either of those are things you'd like to see!

Your presentation style gives me a slight vibe of "guy talking to a room full of children about how cool bugs are," which I do mean as a complement Anyway yeah good stuff I like it

I would love videos on the Gig Economy and the implementation of neoliberal ideas across the global south

Until now, I never understood the concept of neoliberalism, as much as I tried. You explain things so clearly, profoundly clearly. Way to go.

pull up some adam smith quotes about landlords and spam them to libertarians

The best ive heard it defined loosely is "the idea to extend marketile practices to more and more human spheres of life" As if thats worked well with housing, prisons, and politics...

Dude you are totally killing it. Excellent work, really look forward to your output. Shared & promoted.

Another very interesting video. I do think there is some missing context on: Cold War, Decolonization, Decline of traditional Communism in 1980s, defeat of traditional Communism in 1990’s. To be fair, I don’t think your narrative would change much or at all with the other context pieces included. It would just provided the “more complete” picture on neoliberalism. Very thoughtful analysis overall. Well done.

Yes, please do a video on the gig economy. I am also interested to hear your thoughts on neoliberalism's attack on education. New subscriber... love the channel! Look forward to seeing more!

The real problem with capitalism is the lack of accountability. Rewarding bad management with bailouts has led to the rise Trump and Boris Johnson.Many of these financial institutions have no social value and should be allowed to fail.

I was researching on Gramsci and I watched your video only because I couldn't find anything on the more popular channels and wasn't so sure if I wanted to click on it or just let go and read an article on Gramsci or something. Casually scrolled through your content and now watching your latest upload. This is what I've been looking for, for so long. You've got almost everything I'm interested in and I like your way of explaining things. Instantly subscribed. Keep up the good work man!

Here’s a thumbs up. My selfish wish is that this helps you make more money to sustain yourself and make more videos, which I like. Cheers

This is an absolutely fantastic video. I've heard my friend speak about neo-liberalism before but this video really demonstrates how huge the impact is on society as a whole.

God I love finding more and more breadtubers. Subscribed! Love all of this!

This video needs more views. Can't get over how relevant this is in the wake of COVID.

I've always found it rather interesting that almost nobody questions (or even understands it for that matter) our monetary system and the very concept of money. It rules every single aspect of our life's yet so many people have never even questioned it for a moment.

Hello Tom. Im a American millennial socialist I appreciate your take from America. Neoliberalism has become a cancer in my country. Bernie2020 ✊✊ solidarity

Another great video Tom! As an old man, I don't know how you manage to make such great stuff on so many subjects :-) A couple of comments spring to mind: 1/ Neoliberal theory (including methodological individualism) suggests we are all utility maximisers. This is not exactly the same thing as just wanting to increase the money we have. 2/ The breakdown of the Keynesian welfare state, and the Fordist organisation of capitalism was longer in the making than just being a result of the 1973/4 oil-shock. Inflation had been on the rise for a while, and as you correctly show, authority was being increasingly challenged from the late 1960s onwards. This was partly due to the horrors of Vietnam, but also to the search for more personal freedom. The long post-war boom was very much a white man's world. People nostalgic about this era forget how limited women's and LGBT rights were at the time. 3/ The economic crisis of capitalism during the 1970s was deeply destabilising and governments were somewhat helplessly looking for anything that could work. It was Britain's Labour government and the Carter administration in the US which began the first major shifts in policies with massive public sector spending cuts in the UK in 1976/7, transport deregulation in the US, and the appointment of Paul Volcker at the Fed in 1979, by Carter. 4/ The coherence in the neoliberal programme, which seems very clear today and which you present well, also followed a lot of contingent experimentation. The Conservative manifesto in 1979 did not mention privatisation, but only the denationalisation of some companies. And to be quite honest, government bureaucracies were not managing many industries especially well. This was not because they were necessarily incompetent or inefficient, but because large industries are hard to manage, especially when nationalised firms are also used to pursue macroeconomic policy objectives like fighting unemployed and imposing pay restraint, etc. etc. None of this detracts from the way corporations and the wealthy today have come to dominate political systems and rig everything in their interests. But it may indicate that building alternatives is not likely to be that easy. Perhaps the Covid-19 crisis will open up new opportunities, that are now vital to us all, given global warming. Nicholas Sowels, Paris

This is amazing Tom! I first followed you when your channel was still small and seeing you grow made me create my own channel! Your content is truly inspiring!

Awesome, as always! 😃 There are some problems with assuming that everyone will gain as long as everyone just tries to make money for themselves. Sure, self interest might go a long way when it comes to organising a society. But there is a big part of a society that seems to require a more genuine concern for other humans, animals and the environment as well. This is especially important when it comes to our future. Narrow self interest is not likely going to create the best future possible. We need something more.

A good general overview. Neoliberalism is kind of a tricky subject to tackle, since it's such an umbrella term for our contemporary economic system. I'm really interesting in the idea of the "gig economy." I'll be looking forward to that video.

other people with a time machine: "I am your granddaughter" me with a time machine: "Oh this Mrs Thatcher? It's a Kalashnikov."

Great video. I think my favorite book ever on this subject (at least, parts of this subject, is by Holly Sklar, titled, 'Reagan, Neoliberalism, and trilateralism'. It's only about 150 pages, and written in maybe 1988, but it is astounding how many of the power players were still pulling strings well into the early 2000s. A must read for everybody, in my opinion. I always have at least one copy on my bookshelf (and some to give away).

I know that what you've drawn upon is quite similar to Heide Gerstenberger's argument on how capitalism changed and came in different guises (2007), but, and forgive me if I'm mistaken, the literary and philosophical background of neoliberalism are nothing but a misunderstanding of liberalism, specifically Adam Smith, as they forget, or neglect, that he was concerned with moral philosophy and his "the invisible hand" was a mere metaphor that he mentioned only once in The Wealth of Nation. I just wanted to add this point as it is important regarding the fallacies of the literature of neoliberalism. I love your channel. My students will have a new video to watch this semester. Good luck and I'm waiting for your gig economy episode. Keep it up bruv!

Your power of synthesis and how didactic you organize your train of thought are truly amazing. Regards from Brazil! Keep up with the job!

Dude. You present so well. Also you are able to write and break down topics in really easy digestible chunks. Now i have to binge all your videos

As someone from the, so called, global south I'd really enjoy a video of its implementation here. I'm familiar with the situation in the Southern Cone, particularly the ones of the ABC countries, but I'm otherwise ignorant about other regions of the world. I thoroughly enjoyed your video, very informative!

Superb overview of Neoliberalism, well done Tom. Keep up the good work. You can't include everything but things that you missed out: the environment, the importance of arms dealing and war, the EU, the break-up of the Eastern European States, the destruction of national institutions (NHS, free education, etc) and the effect on individual psychological, mental and physical health and morality and ethics. And so; a part 2 covering these with respect to Neoliberalism needed. As is the precarious economic existence of millions of people worldwide - I hesitate to ascribe too much of this to the 'Gig economy' because I feel this is too narrow a Media-led description to consider, sensibly and deeply, the former. This also should be included in Neoliberalism Part 2. Best wishes.

Pitch perfect, these videos and I've watched 6 in the last two weeks, are the best introduction to very complex subjects that I have sen on KZfaq. I so wish I had discovered yo when you started out.That you can condense so much high quality information into such a small space and deliver the content with such high production values and a voice as easy to listen to as Stephen Fry's is hard to believe. But you have.

Less than half an hour and no questions unanswered... on THAT topic. Truely insane good work, from content as well as presentation perspective. Thanks for that Tom.

Great job with this essay video! It's a lot of information and well organized to be given in less than 30 minutes! Please keep with this!

you're so good!!! Petition to have you teaching at every high school on the planet!

Absolutely incredible video, Tom. Thanks so much! Would love to watch a follow up that talked specifically about the gig economy.

Amazing and I do mean amazing video. The history was succinct without missing vital info, the representation of theory was sound, sources and aesthetics were CLEAAAAAN. Absolutely excellent

When you said "Thatcher's defeat of the miners" I ended up with the mental picture of "Thatcher's defeat of the minors"

Excellent overview! I can't wait to see the videos you teased in this one. Particularly on topics related to Neo-colonialism

Pretty good stuff, I'm always on the lookout for new (to me) channels with critical views/hard analysis on Capitalism/the Status Quo or leftist theory/praxis. New sub. :)

I’m from the USA side of the pond and I grew up in the early days of neoliberalism so I wish you luck with your future endeavors in regards to neoliberalism

“Mont Pelerin” I literally read that as Monty Python 😹

I've been watching all your videos and I must say that I'm so impressed by the way you speak. It's like you're writing a book with your tongue, except one of those easily readable ones or the kind which pop economists like Yanis Varoufakis writes for a large audience. Cheers man. Looking forward to more videos from you.

I'm interested in a series on Neo-liberalism and one on the gig economy. I think this is desperately needed information especially for those on the Left who have a poor understanding of economics and seem to be running off half-cocked in search of vengeance against the Neo-liberal exploiters. I think reform is definitely in order and certainly some form of taxation retribution to restore a level of balance is also necessary, but 'vengeance' economics is not healthy for the economy.

Tom, so clearly and succinctly put. Thank you for putting this together. Not only a handsome talking head; a professionally delivered presentation to boot!

I think you are a very good communicator and I appreciate the topics you bring to focus. I wish you much success! Congratulations and thank you 🙏🏾 💙

These are fantastic videos, I can’t believe I’m just finding out about your channel now! Please add a video on the gig economy, it would be much appreciated. Thanks!

If Ramsay Bolton had a cute, educated and friendly brother.

Wow, best explanation of neoloiberalism I've seen. Thank you! I appreciate the clear tracing in the UK/US to Reagan/Thatcher and the contiuation by Blair/Clinton around global trade agreements.

Wow this is your first video I've seen and I'm amazed by how good it is! Thank you for such a through analysis and also nicely edited video

Yes! Please talk about pre-neo-liberalist capitalism. I wasnt alive during that part of history.

People wether they know it or not, espouse neoliberal ideology when they say "free market place of ideas"

You managed to explain it in a very easy way to understand! I'm happy I've found this channel!

First video I've seen of yours and I've already subscribed. Some very important information being brilliantly articulated here, keep up the good work!

Definitely one of the clearest explanation of neoliberalism I've come across. Very nice job.

Chile has finally learned they needed to end the miserable Neoliberal cycle!

I've had an approximation of a definition for neoliberalism for a long time but this video has really opened my eyes to a lot about modern politics. You very elegantly puts into words and connect many jumbled points that I've been thinking about for a long time like that comment about the neoriberal utopian dream of a world without politics or the remark of just how absolutely central economics is to the neoliberal worldview

Excellent video. I have struggled to summarize what neoliberalism is and often resorted to explaining its tenants or the agenda per David Harvey and Noam Chomsky. Your opening summary was succinct and accurate. It's easy for us to get lost in the complexities. Thanks for this!

if you’re interested in what europe/the us forcing neoliberalism on the global south (21:10) looked like, read How Europe Underdeveloped Africa by Walter Rodney

super dry but wow! amazing research and reporting!! super impressive! thank you for making this!

We had "Rogernomics" here in New Zealand - because Roger Douglas (Minister of Finance '84-'88) couldn't spell "neoliberal" and wanted his name on it anyway. "Trickle down" economics - meaning "we're planning to piss on everyone beneath us." And here's the kicker - Roger Douglas was part of our *_Labour_* Party at the time, not the US-President-worshipping right-wing National Party. He's since moved to the Corporate Cronyism Party ("ACT").

Fantastic video, essential viewing for understanding the chaos of the modern world. Well done Tom.

Always enjoy your films Tom. I have an idea for you, you may well have considered it: Teilhard de Chadin and the noosphere. His ideas of the Global Village, the ensuing noosphere - shared web of thought - and the possibility of the Omega Point (the moment of collective consciousness resulting, possibly, from it) have always intrigued me, especially from the point of view of a dissenting 'cell' in the body of the new collective entity.

Thanks for the fantastic crash course in the history of neoliberalism! I'd love to see your thoughts on ride sharing; after this I kind of have to subscribe lmao

Would love a video on GIG economy most definitely! thank you for the video. Has been extremely enlightening

In addition to the other criticism of neoliberalism, economic growth has actually slowed rather than increasing...the opposite of the effect we were told to expect.

At least neoliberalism provides near unlimited opportunity for its détournement (hint: because it sucks so bad for most and is such a transparent con job) Please up the volume and frequency of your détournement of all things neoliberal!

Nice work. This video can be useful to open right winger’s eyes. You didn’t use any left oriented criticism. It was mainly describing the system itself and that is good enough to debunk the horrors of it.

Amazing explanation, truly. Every question I had was answered in this single video! So helpful. Thank you!!

Thank you so much! Would love to hear more about this. Would love a deep dive on the gig economy too!

pls do a vid about gig economy, this video was amazing, very concise and informative. I'll try to add spanish subs so more people can see it

Wow, I'm impressed to see a young person do a real critique of current conditions in the US/UK and the world... having subscribed, I hope to watch more of your videos in the future.

Recommendations have been very kind to me lately, very glad to have found you. Edit: while writing this comment, I noticed that you do have some of what I asked for, thank you, I appreciate the slides and written out quotes and thesis' :) [Just a little thing. As someone who is fluent in english, but as a foreign language, it would be cool to have buzzwords and/or bulletpoints on the screen. Also because I (just me personally, really) am a person that processes information easier when I have a visual aid (so, reading instead of just listening).]

Amazing work! We need so much more of this kind of analysis.

Thank you!! Understanding the History and material conditions which gave rise to neoliberalism really helps to increase my understanding of the neoliberal form of capitalism. Just ordered Harvey's book, I just had to especially after this video, you made me to curious. Also would love a video on the Gig Economy! Keep it up!!♥️✊

It doesn't have to be money, there are other forms of capital. Even if you didn't have any monetary ambitions with your videos, the way KZfaq is set up treats attention as capital. If your goal was to reach as many eyes as possible, the way KZfaq would have you do that follows the exact same principals of capitalism that you would follow if you were selling a good in a market.

Friedman was right about the term liberalism being appropriated by the American left for a very different set of agendas. In continental Europe, being a liberal has a completely different meaning than being a liberal in the US. Liberalism is the opposite of authoritarianism, while conservatism is the opposite of progressivism.

I love the lack of background music in this video. Thank you for not polluting the whole soundtrack with music.

Neoliberalism is almost a religion here in the states even among the working and middle class this is the case. That is why there is such an affinity between working voters for Mr. Trump. A lot of them are too young to remember what capitalism was before the before the start of the macro economic re-engineering of the world's economies and governments.

im sharing this to facebook, and its being blocked, any thoughts ?

Good work! You get across the key points in an accessible way. My mum never listens to me on such points. Maybe I’ll ask her to watch this.

Thank you for this superb video! Such a good explanation of neoliberalism and how it came to be so dominant

I'm with Chomsky on rejecting the assumptions in the term "neo liberal". The ideology is not new and liberal. Its the old wine of capitalist class war, and apologetics for imperialism, repackaged in new bottles. In the United States it is a campaign to restore the pre New Deal privileges of capital over labor. Paleo-Reactionary is a better term to describe the ideology.

You’re like a more wholesome and easier to understand Thoughty2

Well structured content and great delivery.

Great video Tom, well made and very interesting!

Hi, I must say, most left leaning channels don´t go that far, I'm glad that someone is finally stepping up. I'm libertarian and I've got say Friedman and Hayek are not neoliberals, neither are Thatcher and Reagan. Why ? Theory is still the same, the idea that organizations based on coercion and force should not dictate how people live their lifes, also, none of those mentioned before has ever claimed the term. Now, liberalism or neoliberalism is indeed based on self-interest, we acknowledge that even charity is an act of self-interest, *but* that does not mean we see only see economic value, like, if you want to work less to have a good time with your kids, that's fine, if you want to collaborate in your community that's great, you are not doing this things acquire wealth but to pursue hapiness. I'm still trying to get fluent, so I might made a mess, but a think you got the point, also, I really think that watching lectures of Learn Liberty would increase the quality of your channel, actually, I want to recommend to you one specific. kzfaq.info/get/bejne/fr5zrZpov9emkX0.html Hope you keep the good content

new video title: become radicalized in 26 minutes!

Damn I think you took the place as my favorite KZfaqr! Keep up the great work!

Cannot imagine I'm only discovering your chan. What a top notch work! Love the style too. Literally dropped my Baudrillard's book to watch your video- yeah I love to read disturbing stuff with a glass of Saint Estèphe by my hand at night! Patreon you said? Love the idea!

15:51 no economist from hayek to friedman to sowell has ever said trickle down economics works and they are right it doesnt work what neoliberals actually advocate for are flat taxes on income and buisness and that is pretty much it which in turn will allow the rich to create more wealth but allow people in the lower classes of society gradually being themselves in the middle class a progressive tax system like we have today does far more harm then good where we over complicate the tax code with deductions and exemptions which allows wealthy people to dodge taxes because they can just easily hire accountants to sort through the tax code or better yet change what they do for living change where they live lobby themselves with government i mean the list goes on and on which creates more deficits because the government isnt collecting more revenue. Reduce spending to avoid deficits flat tax people at 20 or 19% ba da bing ba da boom you give government a budget for the year and allow people to create wealth without government handouts or interference kzfaq.info/get/bejne/mreZdadeyNjWpnU.html

Tariffs: *exist* Neoliberals: step out of the way bucko

First time seeing your content. Not even finished the video yet, but wanted to big up the delivery, as well as the ideas. Ill be watching a lot more of your stuff over the next few days. 😁

A video specifically on the Gig Economy would be incredible!!!! Discourse around Freelance work is highly under-discussed.

The whole field of economics is ridiculous (think they wanted this new science that developed to be seen as a "real" science back then and therefore focused on mathematics?) bc it's based on humans as inherently logical and only focused on gaining ever more...but as we know humans are inexplicable, make choices that are bad, good, just irrational or to them (but not economics) rational. We're not robots and we cannot map out society with graphs n models, our current (big shift round 1970) is a total mess. Yes, there were boom bust cycles before but the next will be too big to bail. When we let private banks create money out of debt, lower reserve limits, promote increasing debt (that's the way to create new money)....and simultaneously it seems politicians etc keep taking about paying off debt, austerity etc it's mind numbing.....the debt ridden wage slaves are essential as is the ever increasing bond sales bc otherwise the tap would be off and there is no money created for the purpose of paying any of the interest so it's just impossible. It needs a total overhaul. In the meantime, at least reforms to stop inequality from further rising, stop the tax evation schemes and tax global enterprise globally plus make them pay for ruing rivers, groundwater, to restore post operation or disaster etc us introduce regulations on labour etc. And regulate a trickle up, bc clearly trickle down is not a thing....it's more like hoard, avoid any taxation, invent new ways to exploit (workers/nature), and invest on the highest returns.

Men, there are so many things that are bad with what u say, I would do a 5000 words comment, but I am not in the mood to do it sincerely. The only thing I wanted to remark, is that the majority of the conclusions u Made in this video were ur mere opinion, starting from the point that u asume that neoliberalism (using this term that doesn't exist, but Ok) only reduces to pure profit by individuals? No governments at all and no regulations? Those are ur opinions and subjective analisis. Only believing that neoliberalism as a theory says (in ur opinion) that everything is driven by profit motives is just a pure biased dumb comment by ur part, mainly because everyone including the "neoliberals" know that not every action is driven by profit, u just purely made up ur own theory of what the wrongly used term "neoliberalism" is. So to conclude, u only say subjectively ur opinion of what neoliberalism is (term that is bad applied), to fit ur biased points u Made in this video. And this is simply proven because your whole video is based on your made up theory that neoliberalism proposes that every action is driven by profits(wich they aren't), therefore u conclude that neoliberals are some kind of "anarchocapitalist" by mentioning that they don't want politics, social relationships, emotions, or anything to make a perfect capitalist world. that theory that u invented to describe neoliberalism is simply a made up wrong theory to make look bad the current economic sistem, wich is very different from that anarcho capitalist theory u believe neoliberalism is. Well to end this, I can't trust or believe ur video mainly because it's based in a theory that u completely made up (neoliberalism some kind of anarchocapitalism, cause every action is driven by profits)

i just found your channel, your videos are great !! ive been interested in neoliberalism and what it is, and this really explained it very well !!

My understanding of neoliberalism was always how Chomsky used it; a technical term for when free market enterprise has replaced an aspect of society traditionally run by the state. Never heard it used in such a way that one could describe Max Sterner as a neoliberal lol.

So basically reinforcing the fact that Regan was an evil clown and essentially the beginning of the end for the US economy wise….morally we have always been bankrupt. Great video much appreciated

A very comprehensive presentation. Great work.

Another vote here for a vid on the gig economy & neoliberalism in the global south 🖐 Another awesome vid, Tom. Love your work!

first video ive seen, already love ya, subbed